SoftBank proposes $684M investment in Sharp, deal remains unclear - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: SeekingAlpha
SoftBank's Investment Plans: SoftBank is considering investing approximately ¥100 billion ($684 million) in Sharp, with negotiations ongoing regarding the investment amount and acquisition price for part of Sharp's Sakai plant intended for an AI data center.
Challenges in Negotiations: The discussions between SoftBank and Sharp are reportedly difficult, with uncertainty about the outcome, as SoftBank's president indicated they might abandon the acquisition negotiations due to disagreements.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
